Dodge Ram Crushes F-Series and Silverado

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By Douglas A. McIntyre Published
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It was not supposed to happen like this. The Ford Motor Co. (NYSE: F) F-Series pickup, which is the best-selling car or light truck in America, was supposed to hold that lead, and therefore its market share, even while some consumers wait for a new version with an aluminum body. That version will be in showrooms almost immediately. However, month by month, the Dodge Ram continues to post surging results, chipping away at the F-Series position at the top of the full-sized pickup segment. October was no exception.

Chrysler’s Dodge Ram sales reached 39,834 in October, up 33.5% from the same month last year. Sales of the number two pickup in the market, General Motors Co.’s (NYSE GM) Chevy Silverado, posted an increase of 10.1% to 46,966. The F-Series sold more than either, at 63,410, but sales were down 0.6% from last year.

The growth of sales for the three was not very different for the first 10 months. Ram sales rose 22.9% to 359,702. Silverado sales rose 6.4% to 429,119. And F-Series sales dropped 0.5% to 620,447.

Ford has not been able to give a convincing reason why the aluminum F-Series will bring new customers — or bring back old customers. The aluminum body shaves over 500 pounds off the truck. That means better gas mileage, which should save drivers money. On the drawing board, it makes sense.

What does not make sense is that an aluminum truck will sell better than a steel one, when the steel one has good fuel economy. For example, the Dodge Ram version with a 3.0 L, ecodiesel V6 gets 28 miles per gallon on the highway. And Dodge is practically giving the Ram away with current incentives as high as $4,700 for a truck that has a base price of $25,060. The Silverado’s mileage is slightly worse at 23 miles per gallon in highway driving. One of its lower priced models, the 2014 Silverado Double Cab All-Star Edition, carries incentives as high as $9,000.

The Ford F-Series faces what could be a market skeptical about an aluminum truck, as well as worthy competition that offers large discounts to bring in customers. If Ford stumbles, the advance the Ram has made will continue into 2015.

ALSO READ: Ford October Auto Sales Better Than Expected, but Still Weak

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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